Company Profile For Indian Oil Corporation Ltd

Indian Oil Corporation Limited (IndianOil) owns and operates a network of crude oil and petroleum product pipeline in India. It has two divisions: Refineries Division and Marketing Division. The Refineries Division is focused on managing the public sector refineries and the Marketing Division is focused on distribution not only the entire production of public sector refineries but also the deficit products imported. It is organized in two segments: sale of petroleum products, and other businesses, which comprises sale of imported crude oil, sale of gas, petrochemicals, explosives and cryogenics, wind mill power generation and oil and gas exploration activities jointly undertaken in the form of unincorporated joint ventures. The Digboi Refinery of Assam Oil Division processed 0.623 million metric tons (MMT) of crude oil during the year. The Division sold about 1.067 MMT of products. IBP Division comprises the explosives and cryogenics business.

BRIEF: For the fiscal year ended 31 March 2009, Indian Oil Corporation Limited's revenues increased 18% to RS2.441T. Net income decreased 67% to RS25.99B. Revenue reflects an increase income from sale of petroleum products and higher other business activities segment. Net income was offset by an increase in purchase of products and crude for resale, higher consumption of raw materials, an increase in employee cost, higher depreciation and higher interest.

Indian Oil Corporation Ltd
Indian Oil Bhavan
G-9, Ali Yavar Jung Marg
Bandra (East)
Mumbai     400 051
P: +9122.26427363
F: +9122.26447961

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